屹通新材(300930) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was ¥521,969,563.39, representing a 53.82% increase compared to ¥339,338,815.92 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥96,198,213.45, up 51.04% from ¥63,691,395.36 in 2020[21]. - The net cash flow from operating activities increased by 134.14% to ¥57,299,908.13 in 2021, compared to ¥24,472,615.13 in 2020[21]. - The total assets at the end of 2021 reached ¥776,791,061.45, a 95.11% increase from ¥398,130,724.12 at the end of 2020[21]. - The net assets attributable to shareholders increased by 104.26% to ¥718,420,981.46 at the end of 2021, compared to ¥351,718,709.23 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.98, reflecting a 15.29% increase from ¥0.85 in 2020[21]. - The company reported a total investment income of ¥4,997,833.43, accounting for 4.58% of total profit[90]. - The company achieved a significant increase in cash and cash equivalents, with a net increase of 127.70% to ¥7,734,449.82 in 2021[88]. - The company's total revenue for 2021 reached CNY 521,610,085.54, representing a year-on-year increase of 54.07%[73]. Market Position and Product Development - The company is involved in the production of metal powders, including iron-based and copper-based powders, which are essential for various applications in powder metallurgy[14]. - The company has established a strong presence in the domestic market for metal powders, competing with major manufacturers such as Ansteel and Shandong Luyin[13]. - The company is focused on expanding its market share through new product development and technological advancements in powder metallurgy processes[14]. - The company has a diverse product range, including high-performance pure iron powder, alloy steel powder, and iron powder for additives, widely used in various industries such as automotive and home appliances[33]. - The company has developed advanced processing techniques, achieving high purity levels in its products, such as ≤0.10 wt% oxygen content in ultra-high purity iron powder[34]. - The company is actively expanding its product offerings in high-end niche markets, focusing on 3D printing metal powders and advanced alloy materials[83]. - The company is targeting a market share increase by improving product quality and expanding its marketing network, particularly in high-end markets[115]. Research and Development - The company has invested significantly in R&D, with a focus on customer demand-oriented R&D and cutting-edge technology development, enhancing its technological reserves for future market entry[46][47]. - The company has developed 19 patents, including 5 invention patents, which support its capabilities in high-performance powder metallurgy products and break foreign technology barriers[51][52]. - The company has a dedicated R&D team of 39 members, including professionals with advanced degrees and significant industry experience, enhancing its innovation capabilities[56]. - The company reported a significant increase in R&D expenses, totaling CNY 17,780,167.46, a rise of 47.40% due to hiring high-tech R&D personnel and new product development[82]. - The number of R&D personnel increased by 8.33% from 36 in 2020 to 39 in 2021[84]. Corporate Governance - The company adheres to legal and regulatory requirements to ensure proper governance and decision-making processes, enhancing overall governance levels[126]. - The company has established a board of directors with 7 members, including 3 independent directors, ensuring compliance with legal requirements and promoting effective governance[130]. - The supervisory board consists of 3 members, including 1 employee supervisor, fulfilling legal obligations and enhancing oversight of the company's operations[131]. - The company has developed a comprehensive internal control system to ensure the normal operation of business activities, continuously improving governance levels[133]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, institutions, and business operations[136]. Risk Management - The company has outlined potential risks in its future operations, which investors should be aware of[6]. - The company faces market demand fluctuation risks for existing products, particularly in the transportation, home appliance, electric tool, and engineering machinery sectors, which are significantly influenced by macroeconomic conditions and consumer confidence[118]. - The company is exposed to competition risks in the clean energy equipment key components market, as the industry is experiencing rapid development and increasing competition due to rising global investments in clean energy[119]. - The company's raw material prices, primarily based on scrap steel, are subject to market fluctuations, which could lead to significant cost pressures and impact profit margins[120]. - Innovation risks are present due to the evolving requirements for metal powder materials in downstream applications, which may lead to misalignment between R&D directions and market demands[121]. Social Responsibility - A total of RMB 161.5 million was donated to social welfare initiatives, including RMB 150 million to support education in the local community[193]. - The company established a partnership with Zhengdou Village to support rural revitalization, raising RMB 50,000 for this initiative[194]. Employee Engagement - The company has implemented an employee stock ownership plan since August 2018, which has significantly boosted employee motivation and engagement[62]. - The company invests significant resources annually in training programs to enhance employee capabilities and meet future strategic requirements[170]. - The total number of employees at the end of the reporting period is 193, with 120 in production, 39 in technical roles, 20 in administration, 7 in finance, 6 in sales, and 1 in other categories[168]. Dividend Distribution - The company reported a cash dividend of 1.00 RMB per 10 shares for all shareholders, based on a total of 100,000,000 shares[6]. - The total distributable profit as of December 31, 2021, is 199,714,427.58 yuan, with the cash dividend accounting for 100% of the profit distribution[174][175]. - The company has no plans for stock dividends or capital reserve transfers in the current profit distribution proposal[172][176].